do they put off real, painful constraints as we have seen in europe and detroit last week? >> you know, you have framed this very well. i think it is important to put things in context. when i go back to those years, it was an extraordinary time in american the school history. i will never forget being called into an emergency meeting in the fall of 2008 to the majority leader's office. i was the last to arrive because i was chairing a meeting. i walk in and there were maybe six teen leaders in the room. the chairman of the fed reserve and the treasury of the secretary the bush administration. it was evening. the posted a guard at the door and closed the door. it was very unusual. i knew something dramatic was afoot. i sat down and the meeting began. the chairman of the fed reserve said they were taking over a large insurance company the next day. they make clear they were not there to seek our advice or approval. they were there to inform us they were taking steps. if they did not do it, they believed it would be a financial collapse within days. that gets your attention.